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The following is a list of the most undervalued gold stocks, when comparing the current price against the average analyst target price (used as a proxy for fair value).

Yes, there are many limitations to this approach, and we suspect there are many falling knives here. But the goal here is to give you a starting point for your own analysis.

Target price data sourced from Finviz. Full analysis below.



The list has been sorted by discount to analyst target price.

1. Rubicon Minerals Corporation (NYSEMKT:RBY): Market cap of $794M. Wednesday's closing price at $3.54 vs. target price of $5.59 (discount of -36.67%). Short Float at 0.36%, which implies a short ratio of 0.84 days. The stock has lost -17.15% over the last year.

2. Keegan Resources Inc. (KGN): Market cap of $337M. Wednesday's closing price at $7.14 vs. target price of $10.98 (discount of -34.97%). Short Float at 0.23%, which implies a short ratio of 1.29 days. The stock has gained 50.41% over the last year.

3. Great Basin Gold Ltd. (NYSEMKT:GBG): Market cap of $905M. Wednesday's closing price at $2.49 vs. target price of $3.67 (discount of -32.15%). Short Float at 5.69%, which implies a short ratio of 9.79 days. The stock has gained 58.54% over the last year.

4. Allied Nevada Gold Corp. (NYSEMKT:ANV): Market cap of $2.14B. Wednesday's closing price at $22.51 vs. target price of $31.41 (discount of -28.33%). Short Float at 7.22%, which implies a short ratio of 6.33 days. The stock has gained 139.96% over the last year.

5. Northgate Minerals Corp. (NXG): Market cap of $826M. Wednesday's closing price at $2.76 vs. target price of $3.83 (discount of -27.94%). Short Float at 0.43%, which implies a short ratio of 0.5 days. The stock has gained 1.43% over the last year.

6. Fronteer Gold Inc (FRG): Market cap of $872M. Wednesday's closing price at $7.25 vs. target price of $9.61 (discount of -24.56%). Short Float at 2.84%, which implies a short ratio of 3.68 days. The stock has gained 58.55% over the last year.

7. IAMGOLD Corp. (NYSE:IAG): Market cap of $6.38B. Wednesday's closing price at $16.97 vs. target price of $22.41 (discount of -24.27%). Short Float at 0.64%, which implies a short ratio of 0.73 days. The stock has gained 22.64% over the last year.

8. Yamana Gold, Inc. (NYSE:AUY): Market cap of $8.05B. Wednesday's closing price at $10.6 vs. target price of $13.83 (discount of -23.36%). Short Float at 0.56%, which implies a short ratio of 0.53 days. The stock has lost -9.42% over the last year.

9. Jaguar Mining Inc. (JAG): Market cap of $562M. Wednesday's closing price at $6.38 vs. target price of $8.26 (discount of -22.76%). Short Float at 7.39%, which implies a short ratio of 4.72 days. The stock has lost -29.42% over the last year.

10. Goldcorp Inc. (NYSE:GG): Market cap of $31.24B. Wednesday's closing price at $41.8 vs. target price of $54.01 (discount of -22.61%). Short Float at 1.36%, which implies a short ratio of 1.78 days. The stock has gained 2.66% over the last year.

Disclosure: No positions

Source: Top 10 Most Undervalued Gold Stocks